On 28 January, the Chairmanship of the European Banking Industry Committee (EBIC)1, which rotates on a yearly basis, was handed over to Gerhard Hofmann, a Vice-President of the European Association of Co-operative Banks (EACB) and a Board member of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR). Vice-Chair of EBIC will be Joseph Delhaye, Senior Vice President at the Banque et Caisse d’Epargne de l’Etat, Luxembourg (European Savings Banks Group).